USA Mega

Delaware Mega Millions Jackpot Annuity Payout Schedule for Jan 5, 1999

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The tax information provided here is based on 2024 federal marginal rates and state tax rates.  It shows the final federal and state tax burdens each year, not the amount initially withheld by the lottery.

The Mega Millions annuity jackpot is awarded according to an annually-increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $18,000,000 for a ticket purchased in Delaware, including taxes withheld.

Please note, the amounts shown are very close approximations to the amount a jackpot annuity winner would receive from the lottery every year.  They are not intended to specify the exact final tax burden, which may vary depending on how the winner chooses to invest or dispense their money, as well as deductions claimed.

State:

Delaware

Drawing Date:Tue, Jan 5, 1999
Jackpot:$18,000,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$270,926$65,199$17,881$187,846
2$284,472$69,940$18,775$195,757
3$298,696$74,918$19,714$204,064
4$313,631$80,145$20,700$212,785
5$329,312$85,634$21,735$221,943
6$345,778$91,397$22,821$231,559
7$363,067$97,448$23,962$241,656
8$381,220$103,802$25,161$252,258
9$400,281$110,473$26,419$263,389
10$420,295$117,478$27,739$275,077
11$441,310$124,833$29,126$287,350
12$463,375$132,556$30,583$300,236
13$486,544$140,665$32,112$313,767
14$510,871$149,180$33,717$327,974
15$536,415$158,120$35,403$342,891
16$563,235$167,507$37,174$358,555
17$591,397$177,364$39,032$375,001
18$620,967$187,946$40,984$392,038
19$652,015$199,433$43,033$409,549
20$684,616$211,496$45,185$427,936
21$718,847$224,161$47,444$447,242
22$754,789$237,460$49,816$467,513
23$792,529$251,423$52,307$488,798
24$832,155$266,085$54,922$511,148
25$873,763$281,480$57,668$534,615
26$917,451$297,645$60,552$559,255
27$963,324$314,617$63,579$585,127
28$1,011,490$332,439$66,758$612,292
29$1,062,064$351,152$70,096$640,816
30$1,115,167$370,800$73,601$670,767
Total$18,000,000$5,472,796$1,187,999$11,339,204

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Note: The Net Payment total above may be a few dollars off from the total after-tax annuity amount shown on the Jackpot Analysis page because the Jackpot Analysis page shows an average annual payment, whereas we calculate an exact payment here.